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~ortgage
TH13 MORTGAGB. esaueed ehis 2 th d,r oE March i9
~ se - ~ami. Florida
br GENERAI, I~DELOPMENT CORP~t.ATION, a Delaware corporation auLhorized to
transact business in the State of P7.orida,
of the first part. hereinafter called the MortQagor~ wWch tetm as wcd hercia io every iwtaace shall include t6e Mortgagor'~ 6ein, executon~
ee
administraton, successors. legal ~epraentativa aad ufigw. iocluding al) ~ubsequeat grantees~ either voluntary by act of the arria or involua-
tary by operation of law. aad ~6aU denote tbe unQulu aad/or plural~ and the maxuline and/or feminiae, and natural aa /or artificial pea
wn~ whcneve~ snd wherever the coatezt w ~equira or admiq~ to THS FIRST NATIONAL BANK OF MIAMI~ a aational bankiag a~aocia-
tioa~ of ihe second part. 6ereiaafce~ called t6e MortQagee, wLicL term aa used he~eia in e~ery instanee s6a11 inelude the MoctgaQee'~ ~ucca-
~ors, legal repraenutiva snd as~igaa, iocluding all ~ubxquent a~i~aces, either vuluntary by aa of t6e partia or involuncary by operation
of law,
WITNESSBTH :
THAT fo~ di~en good and valuable consideratioca, aad ~lto w secure the parmeot of t6e ag~regate sum uf moc?ey named in the pmm-
issory note of e~en date herewit6, 6ercinafte~ menaoned, toget6er with interat tLereon, and ali ot6er ~ums of monty secared he~eb~ as herein-
sfter provided, tbe Mortgagor doa grant. bargain. sell~ alien, remi~ release, convey and rnnfirnn unto tLe Mortgagce, in fce aimple, the land
of which the Mort~agor is now aizcd and io actual pos~a~iay in ti~e County of $t. Lia~ci~ , State of ~-o ?~a
dacribed u foibws:
Lot 12, Block 25, RIVER PARK UNI`P 3, according
to the plat thereof as recorded in Plat Book 10,
Page 80, of the Public Records of St. Lucie
County, Florida.
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1lECE(YrD: / 1!/ F0.Y~~;IT Of
pJEON GLA~i'C' ~NtA9l61B1E PERSONAL PftOFERT'f.
Ptf~2iJAHT :O .:M~?: 20?Zt. A.:15 uF 191f,
~V-R ~~tiZ.>~, Ci~t~I CI?Ctit CuV'~ W ~ ~ CF 1 L. U~~ LJ/~i
o~ ,~a~„~ f~r CU~~1~ M.11?M`-S OOCUMENTA~~STAMP TAX
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~ DE}tITY CLERK N ~ C~M?TROIIER _
P.B.isoisa -
To,~ether wit6 all and sin~ular the teaemeats, 6ercdituawti, eaumena ~ad appumnanca t6ereunto be~~ or in ~nr wise appu-
tatdn~ ~ad tLe reab. iuu aad profia tLeceof. and aLo aU the aute. ri~6y titlq interat wd al! claims and emands wLat~oe~er, u weil
ia taw as lo equiq~ of ~d~orcQa~o~ in ~nd ~ tLe ~ams~ wd trer~ part aad paral tLereof~ and aLo ~pen~ically but not by way of limita-
don all ~ aad eleeutc firture; ndiawn. 6aten~ wacu pnmpt, ur oonditiooios~q
uipaeay machtner~. boilen, nn~ elevacon and moton,
batb tnb~. sinb~ wua claet~ wata bs~tnr~ pipe~ faueets. and ot6er plumblaQ and 6eatia~ fiitnte~ msnteb. refri~eraang plaob and ia
po:e~. wlndow ~crsm~, ~creea doors. ~eaeuaa bUnds~ oo uorm ~hutten and awniu~, whic6 sre now or m~r hereafter pertain to or
bt wed witb~ tn or oo ~aid premi~a. e~ea tbou~h the~ be d~ or detacLablG are and ~6a11 be deemed to be fiuura and acceawria m
tLe fra6old ~od a part of the realtp; and ~Iw ~uch per~ond propert~ u may be ~pecifially dacribed abore o~ listed 6ereafter on aaached
~Wbit~
TO HAVE AND TO HOLD tt~e ume, ~~oQet6er wit6 t6e tmanents, heredltamead and appurtenanca thereunto belonQio~ and tLe
rsnti. iana and profiu t6ercof, unto e6e ~aid Mortp~ee.
'Ibe ~aid Mort~a~or 6erebr oo~mtob wit6 the ufd Mort~ce tLat tLe tdd MortQaQor is indefeaaibly seizcd with the abwlute and fee
dmple dde to ~aid properer. aad has full power and lawful authorie~ b~ell~ oon~er. cramfer aad raortQa~e the same; ehat it s6~11 be lawful
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at ~nr tim~ 6erea8er for c6e Moct~a~ee o~ ir and quialr eatu upon~ ha~q hold and eajo~ uid property~ and e~ery part tLereof; t6at
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uid property ir frce and dbebu~ fr~n a 1 lienr, mcumbnnca wd cla~m~ of aay kind, includin~ tua and asasweoa, ezcept tbae thu
mq be ~et out abore or hereinafer; tLat tLe Mort~a~r will mate at MortQa~or'~ apen~e and u no upen~e to Mort~aeee ~uc6 other and fur-
t6er aauraoea to perfat the fte ~imple title to ~aid land~ Srtura tad penonal propertr in the MortaaQee u map hereafter be required; ~nd
thu tLe Mort~a~ur 6erebr fulir wurants unto t6e Mortp~ce t6e title to uid propertr and will defend the ame agJa~t t6e lawful cla?m~ and
demaad~ ot ill ter~ow w6o~oe?er.
NOW. 1'HBREFORB, tbe tonditloni of t6i~ mu~a~e ue suc6 t6~t if the Mort~a~ur ~hall well and trulyps
~ onw the Mortgagee t6e
indcbudna~ e~ldeoeed b that eertaia romiw~r~ nae of e~en date herewicb. m~de by tbe Mort~a~or and payable to che MortgaQce in tLe
ptindpal wm o~ ~N THOUS~AND SEVEN HUNDRED DOLI,ARS 7~ 7~•00 che finai
payment of w6ie6 is due on -~*~+.n~~~~,~,~g~ , to~ether wit! an~ note or nota hereiher ezauted by the MortgaQ r
6erdn by and In aacordaace witLpa raQraph ~irteen of t6i~ morc~e as 6ereiaafter ut fortb and ~eeured b~ t6e lien of thb mort~e. together
wit6 iaarat a therdn stated. and ibalt perform~ oompir witb aad abide br c~e6 wd e~ery tbe ~dpuladon~„ asreemeats, oondicion~ aad cmro-
n~nn conuiaed and at forth in t6is mortgi~e and in the promiaory note ~ecu~ed Lereb~~ tbea thi~ mort~aQe aad thc atate 6ereby ereated
~hall tease and be nuil and rotd.
AND~ tbe Moresa~r doa haeby eoven~nc and a~ra:
1. To perform. oompl7 witb and abide b~ each and taery tbe sdpulation~, aareaneat~ aondirions and ooveasna oontained and ~et fort~
Io asid pramiMOr~ oote or nota, this mort~e aad, jf spplkabl~ the ban agreemeat betwecn the Mortgagee and MortQagor.
Z. To ps~ tbe indebtednw secured by t6is iostrumeot and saording to the trne teaor and effect of t6e promisaory nae 6ercinabon
meodooed or of an~ renewd thereof~ promptly on the dar or da» the ~ame ~erall~ become due.
3. To par~ before bccoming delinque~ all obli~atioo~ eaeumbranoe~ tua, naeameac~ pavin& sidrwalk, ~aa;car~ and otber aaes~-
menb~ le~ie or 4ens. oow or 6ereafter levied or impo~ed opon or aQainst the mort~sged propercy~ and to uhibit to t6e Mortgagee befon iac6
t~zes, aucismenb~ litn~ and encumbranca beowne delinq~eot t6e of~icial raeipu for paTment tbereof~ and if t6e ~ame or aa~ part tLere~f
be oot pa;d before becoming delinquent tbe Mort~aga ma~ ~t ao1 tim! pa~ tbe un'1e wit6 aarued interat and Chuga, if aoy. wit6out wai~-
ing or affecting MortgaQee'~ op:ioo w foralase tbu mortga~e. or an)? riBbc Lenunder~ and e~ery parment a made shall bear iaterat fran t6e
due tbereof st tbe nte of eig6t per ceat (i96) per amum~ and all ~nc6 pa~meats with incereit ~hs11 be taared b~ t6e lien Lereof.
4, 'T6at ;f a con~e~auce should be made b~ tLe MortQagor of the premiia heran dacribed or an~ put t6era~f~ witboirt the writtw
coosent of t6e Mortgsga and witlaat a~umptioo of t6e obGgaaoo~ emted heronnder~ tn re~ulu fortn of taw b~ t6e grantce of tbe Mortgagor,
chen and in t6at e~ent and st the opaon of the Mortga~ee and wit6our naice to the MortAagor, all sums of monry ~ecured 6ereb~ shall im-
mediarcly and ooneurreod~ witb ~uch con~eyance benome dne ~nd pa,rable and in ddanlt whet6er or not the same are so due and pa~abie
r:: and in default b~ tbe specifie term~ hereof.
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